A stock will pay its first dividend in three years The dividend amount will be $0 50 per share From then on dividends will grow at 8 per year If investors require a 10 return on this stock what is the most you should pay today for a share of this stock O a $23 56 O b $25 00 O c $19 85 O d $18 78 O e $20 66 A stock will pay its first dividend in three years The dividend amount will be $0 50 per share From then on dividends will grow at 8 per year If investors require a 10 return on this stock what is the most you should pay today for a share of this stock a $23 56 b $25 00 c $19 85 d $18 78 e $20 66

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Question: A stock will pay its first dividend in three years. The dividend amount will be $0.50 per share. From then on dividends will grow at

A stock will pay its first dividend in three years. The dividend amount will be $0.50 per share. From then on dividends will grow at 8% per year. If investors require a 10% return on this stock what is the most you should pay today for a share of this stock? O a. $23.56 O b. $25.00 O c. $19.85 O d. $18.78 O e. $20.66

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